Milei's government lowered tariffs on the importation of video game consoles

In line with its strategy of reducing taxes and facilitating access to technology, the Government of Javier Milei announced the reduction of the import tariff for video game consoles, such as the popular PlayStation and Xbox, from 35% to 20%, a new measure that will benefit thousands of Argentinians.

The announcement was made by the presidential spokesperson, Manuel Adorni, who humorously celebrated the news by concluding his statement with a "Wololo!", alluding to a classic sound from the video game Age of Empires, a nod that didn't go unnoticed on social media.

The measure aims to align local prices with the international market, promoting greater access to consoles that, until now, were very expensive for most Argentinians due to the heavy tax burden.

With this tariff reduction, prices are expected to decrease significantly, benefiting both consumers and specialized retailers and fostering the digital entertainment industry.

This decision by the Government of Javier Milei is part of a broader package of economic policies that he has been promoting with the goal of reducing the cost of living through tax cuts.

Elimination of tariffs and taxes on electronic products

Minutes earlier, Adorni also communicated the elimination of tariffs and internal taxes on electronic products, such as cell phones, televisions, and air conditioners.

In detail, the decree –which will be published this week– establishes that import tariffs on cell phones will be reduced in two stages: from 16% to 8% in an initial phase with immediate effect, and to 0% starting January 15, 2026. Additionally, internal taxes will drop from 19% to 9.5% for imported electronics, and from 9.5% to 0% for those manufactured in Tierra del Fuego.

These measures by the libertarian government will allow for a price reduction of up to 30% on technological products, aligning Argentina with markets like Brazil, Chile, the United States, and Spain. A 5G cell phone that today costs 2,566 dollars in Argentina, for example, costs just 1,011 in New York, 1,147 in Santiago de Chile, and 1,290 in Madrid.

Adorni also highlighted that this policy will help reduce smuggling and cell phone thefts, as occurred with the decrease in car and tire thefts following the deregulation of auto parts. He emphasized that, as promised by President Javier Milei, each step toward a fiscal surplus will allow for the continued elimination of taxes that affect consumers.

"The money the State steals through taxes must return to the pockets of Argentinians," the spokesperson stated. In this context, he also called on the provinces to support the initiative and lower Gross Income, especially on technological products.